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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Manufacturing properties
3895 45th Ave Denver, CO 80216-6503
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2024791
Property summary
AI-generated overview
This 3,840-square-foot warehouse in Denver, Colorado, presents a compelling investment opportunity. Located at 3895 E 45th Ave, 80216, this single-tenant property sits on a 10,020-square-foot lot. Built in 1970, the building features one loading dock and one drive-in door, offering flexible loading options. Potential exists for dock-high loading. The property boasts 3-phase 600-amp power (to be verified), a fenced storage yard, and two 12.5-ton air conditioning units with new rooftop units. The property is zoned I-A. The entire 3,840 square feet is currently vacant and available immediately. The sale price has been reduced to $949,000, and the lease rate is reduced to $5,000 per month plus utilities. The owner will consider seller carry financing. This warehouse is strategically located at the southwest corner of I-70 and Colorado Boulevard, providing excellent access to major transportation routes.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
STEEL FRAME
Total area
3,840 SF
Lot
0.23 ac (10,020 SF)
Zoning code
I-A
APN
02241-02-012-000
UPID
US13-2024791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
5280 Weedery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$500k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Zion Manufacturing LLC · 1 yrs held
Zion Manufacturing LLC
since 2025
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+65.9%
Office building
$985,000
+39.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$705,000
Current use
MEDICAL BUILDING
$1,165,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$985,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$640,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $850k (Jan 10 2025)
Last sale anchor
$850k
Jan 10 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,308
Tax year 2023
Assessed value
$210,470
Assessed 2023
Previous assessed
$189,170
+11.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$111,820
Assessed improvement
$98,650
Land market value
$400,800
Improvement market value
$353,600
Total market value
$754,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
3,840 SF
Lot
0.23 ac (10,020 SF)
Zoning code
I-A
APN
02241-02-012-000
UPID
US13-2024791
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$985,000
WAREHOUSE, STORAGE
Est. value
$640,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Zion Manufacturing LLC
Entity
Mailing address
3895 E 45TH AVE, DENVER, CO 80216-6503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
$850,000
Zion Manufacturing LLC
Tlc Therapeuties LLC
Special Warranty Deed
$490,000 · Tlc Therapeutics LLC
Jul 15, 2020
—
Tlc Therapeutics LLC
—
Deed
related
$200,000 · Texas Private Loans LLC
Apr 5, 2019
—
Tlc Therapeutics LLC
—
Deed Of Trust
related
$200,000 · Texas Private Loans LLC
Sep 1, 2017
—
Tlc Therapeutics LLC
—
Deed
related
$240,000 · Edward & Elizabeth Blumenfeld
Aug 8, 2017
—
Tlc Therapeutics LLC
—
Deed
related
$240,000 · Denver Patients Center LLC
Feb 19, 2015
$200,000
Tlc Therapeutics LLC
Steele Street Investments LLC
Warranty Deed
—
—
—
Tlc Therapeutics LLC
—
Loan Modification
related
$200,000 · Texas Private Loans LLC
—
—
Tlc Therapeutics LLC
—
Deed Of Trust
related
$240,000 · Denver Patients Center LLC
—
—
Tlc Therapeutics LLC
—
Deed Of Trust
related
$240,000 · Edward & Elizabeth Blumenfeld
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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